Steve has over thirty years in banking and investment experience in structured credit. Previously, he was a partner at East Lodge Credit and prior to that was Head of European ABS at CQS and Executive Director of Credit at Rabobank International. Zenzic Capital welcome his expertise as the business enters an exciting stage of growth.
Senior living has been a recurring discussion for a long time and while it may seem as though it is progressing more slowly than it should, the appetite from the investment community combined with the positive market dynamics will inevitably lead to it becoming one of the most critical asset classes globally from a socio-economic standpoint.
Zenzic Capital announces £1m mezzanine development facility to Antler Homes PLC for acquisition and development of residential land in West Sussex.
Zenzic Capital is delighted to announce the completion of a £1m mezzanine development facility to Antler Homes PLC (“Antler”) for the acquisition and development of residential land in Slinfold, West Sussex. Completion took place on the 17th of May 2022. The scheme will provide 24 units (16 private and 8 affordable units,) which will deliver a GDV of £12.5m.
Antler’s Managing Director, Andrew Rinaldi, said: “We continue to value our relationship with Zenzic Capital, whose resourcefulness and solution-driven approach match our business model and future growth plans. Our thanks to Zenzic’s team.”
Special recognition goes to:
About Zenzic Capital:
Zenzic Capital is a principal real-estate lender focused on providing innovative financial solutions to high growth real estate groups and developers.
This is our second collaboration with Antler and third with the Senior Lender, fulfilling our long-term strategy of recurring partnerships. Antler is a highly experienced developer with an excellent track record of delivery, and we wish them every success with the project.”
Zenzic Capital’s Investment Director, Theo Theodosiadis
Katia has over 17 years’ financial services experience, spanning real estate, fund management and investment banking. Prior to joining Zenzic, Katia spent 6 years at Alpha Real Capital where she was Director of Operations. Katia also worked in Corporate Finance and Corporate Development at Strategy Capital, Rothschild & Co and Nomura Holdings, having started her career at GE Capital. Katia holds an MBA from London Business School.
The scheme, due to complete in the summer of 2023, will offer a student accommodation with 210 bedrooms.
Wellbeing and amenity spaces will also be created, including a landscaped courtyard, gym, games lounge and cinema room.
The Crosslane Property Group has a successful track record, having developed over 30 high-quality PBSA assets across 22 UK cities representing 7,128 beds.
The scheme, a 47-unit new build residential project in Weedon, will represent a GDV of £12.5m on completion.
Special recognition goes to Matthew Cleave of MPC Estates who introduced the transaction, legal representative Gary Richardson at Freeths LLP, and Adrian Reeves of Paragon Bank.
